Masimo activist director Koffey demands ‘basic’ information on company’s proposed spinoff
Publishing timestamp: 2024-05-08 19:27:53
Summary
Activist Quentin Koffey is demanding information from health-tech company Masimo regarding the proposed spinoff of its consumer business unit. Koffey, who won a seat on Masimo's board last year, is threatening litigation if the company does not provide the requested information. Masimo's shares have been volatile following the announcement of the spinoff.
Sentiment: MIXED
Tickers: MASI,
Keywords: technology, breaking news: technology, breaking news, business news, masimo corp,
Source: https://www.cnbc.com/2024/05/08/masimo-activist-asks-for-basic-information-on-proposed-deal.html